The Crypto currency markets have continue their correction during this week, Bitcoin Price recorded another Pullback from 9600 USD to 9100 USD, also the 10 others crypto markets have record loses,this correction was predicted to happen after the bullrun from 8500 USD to 9600 USD, but i am still bullish for the future of cryptocurrency , and i think that the crypto markets have all formed good bottoms for buying them .

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Bitcoin :

For the short term, in my opnion Btc price will continue it’s correction to the levels from 8500 USD to 9000 USD, before going back into a bullish movement with targets from 1100 USD to 12000 USD .

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The question if the SEC in USA will classify Ethereum as a security or not , is taking place in the Ethereum community, and also has created some Fun, this has push the price to fall to break the resistance level of 820 USD .

If Ethereum become a security in The Usa that means that it will be classify as a stock market, what means only accirted investors and registred investors will be able to buy it .

Technical :

I think that Ethereum will go into a small correction, the next strong support level is 671 USD, for me i will only open a trade if the price reach and breakout 820 USD, with a target profit around 1000 USD and a stop lose around 740 USD .